FINANCIAL INSTRUMENTS OF EUROPEAN UNION STIMULATING RURAL DEVELOPMENT

Artashes Matshkalyan, Andrea Feher

Abstract


Abstract: This paper reviews the importance of using Financial Instruments by the EU to stimulate economic activity and development in agriculture, forestry, human capital, as well as in the rural development. The main focus is representing the effectiveness of FIs compared with Grant financing. There are also mentioned about the importance of the usage of FIs by the European Agricultural Fund for Rural Development during a period 2014-2020. Furthermore, it is necessary to specify the effective use of financial instruments in the new period as a main impulsive force for rural development.


Keywords


financial instruments, rural development, the European Agricultural Fund for Rural Development, cost-effectiveness

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References


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Copyright (c) 2017 Artashes Matshkalyan

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

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